After the strong breakout above the trend line that ocurred in late October 2022, price action has been quite weak.
Price was rejected at key level 0,15 USDT and after the pullback, it failed to make new higher highs, and printed a higher low below 0,11 USDT resistance.
Such mixed signals point towards a range of consolidation to be the main scenario until either 0,11 USDT or 0,065 USDT levels are broken, which would activate either Bullish scenario (1) or the Bearish one.
Price was rejected at key level 0,15 USDT and after the pullback, it failed to make new higher highs, and printed a higher low below 0,11 USDT resistance.
Such mixed signals point towards a range of consolidation to be the main scenario until either 0,11 USDT or 0,065 USDT levels are broken, which would activate either Bullish scenario (1) or the Bearish one.
Comment:
Neutral scenario still ongoing.